AI告诉我AGI是减掉各种pretax deduction以后的数字： AGI is a taxpayer's total income minus certain deductions or adjustments. It's calculated by subtracting deductions like student loan interest, alimony payments, and educator expenses from a taxpayer's gross income. AGI is reported on line 11 of IRS Form 1040.
这是联邦政府FAFSA的计算方法。很多私校要求提交CCS申请。 https://www.collegewell.com/collections/the-fafsa-vs-css-profile/ The FAFSA now focuses on total income derived from the tax return. The formula takes your adjusted gross income and adds any untaxed income on your tax return, including IRA contributions, self-employed retirement plan contributions, Roth IRA distributions, and untaxed interest income. The formula also subtracts for actual federal tax liability, sourced from the tax return. The CSS Profile takes a broader look at total income from all sources, including W-2 forms in addition to tax returns. The formula adds back untaxed income from various sources, like contributions to 401(k), 403(b) and HSA. Unlike the FAFSA, the CSS Profile requires you to report gifts or money paid on your behalf.
AI告诉我AGI是减掉各种pretax deduction以后的数字：
AGI is a taxpayer's total income minus certain deductions or adjustments. It's calculated by subtracting deductions like student loan interest, alimony payments, and educator expenses from a taxpayer's gross income. AGI is reported on line 11 of IRS Form 1040.
https://www.collegewell.com/collections/the-fafsa-vs-css-profile/
The FAFSA now focuses on total income derived from the tax return. The formula takes your adjusted gross income and adds any untaxed income on your tax return, including IRA contributions, self-employed retirement plan contributions, Roth IRA distributions, and untaxed interest income. The formula also subtracts for actual federal tax liability, sourced from the tax return.
The CSS Profile takes a broader look at total income from all sources, including W-2 forms in addition to tax returns. The formula adds back untaxed income from various sources, like contributions to 401(k), 403(b) and HSA. Unlike the FAFSA, the CSS Profile requires you to report gifts or money paid on your behalf.